As part of a dramatic escalation of a crackdown on the industry, the top U.S. securities regulator filed a lawsuit against cryptocurrency platform Coinbase on Tuesday. This is the second lawsuit in as many days against a significant crypto exchange, and it has the potential to drastically alter a...

According to the chairman of the IEA, China's economy now influences oil prices more than those made by OPEC and Russia. International Energy Agency (IEA) executive director Fatih Birol says that although oil production curbs by Russia, Saudi Arabia, and other OPEC+ members may put more pressure on...

As a result of sanctions last year, €3 billion worth of assets of European securities depositories Euroclear and Clearstream were blocked in Russia's National Settlement Depository, writes Forbes. According to Forbes calculations based on reports from Euroclear and Clearstream, the amount of...

With a bleak prognosis for global demand, particularly from developed countries, China's exports decreased much more quickly than anticipated in May while imports continued to decline, casting doubt on the fragile economic recovery.   A backlog of orders following years of COVID...

IATA: international airlines doubled forecast for industry profits in 2023. According to a press release from the International Air Transport Association (IATA), global airlines might report a net profit of $9.8 billion this year, nearly doubling the previous projection, with revenue expected to...

After the United States enacted a historic bill that raises the debt ceiling but limits federal spending, a $16 billion list of lower priority defence equipment like tanks, helicopter upgrades, and a ship that would typically be funded as part of the defence budget may no longer be purchased....

According to a Rosario grains exchange report released on Friday, Argentines are anticipated to consume the most beef in five years in 2023, maintaining their position as the world's top consumer of steaks per capita despite the severe effects of 109% inflation on food costs.   The country...

As oil prices dipped towards $70 per barrel and market experts talked about a fresh supply glut on Friday, OPEC and its allies are talking about further reducing oil production, possibly by as much as 1 million barrels per day, according to a report by Reuters quoting information from sources....

Bipartisan legislation that raises the government's $31.4 trillion debt ceiling was approved by the U.S. Senate on Thursday, preventing what would have been a first-ever default and having the support of President Joe Biden.   After months of partisan fighting between Democrats and...